Verime and ReferredBy lead Namfisa’s financial Sandbox initiative

April 18, 2024 41

The Namibia Financial Institutions Supervisory Authority has signed testing agreements with Verime and Referred By, making them the first participants in its Regulatory Sandbox programme for the non-bank financial institution sector. NAMFISA’s Regulatory Sandbox is a pioneering initiative demonstrating its commitment to fostering a vibrant, secure, and inclusive financial landscape that empowers both consumers and innovators. NAMFISA spokesperson Victoria Muranda.

The programme serves as a controlled environment for live tests of innovative products, services, or solutions within specified parameters, under the supervision of NAMFISA. The primary objectives of the NAMFISA Regulatory Sandbox are to promote innovation in digital and non-digital financial services and to enhance financial inclusion.

Written by: Tonata Kadhila

financial institutions Financial Regulation Namfisa Non-bank Financial Institutions ReferredBy Regulatory Sandbox Testing Agreements Verime